ATLANTA, April 23 /PRNewswire/ -- Croft & Bender, an Atlanta-based investment banking firm, announced today that it has arranged the secondary sale of 2.1 million shares of preferred stock in Atlanta-based nuBridges, Inc.

The lead investor was Ticonderoga Capital of Boston. In addition, several existing nuBridges' investors, including Noro-Moseley Partners, C&B Capital and certain individuals, participated in the transaction.

The stock was held by a company acquired by nuBridges in August 2004. No new stock was issued by nuBridges. Croft & Bender was the exclusive financial advisor to the selling shareholder in this transaction.

nuBridges is a provider of the next generation of eBusiness products and services that enable companies to experience the benefits of eBusiness -- the real-time digital exchange of information amongst trading partners -- by providing lower-cost, highly-secure and easier-to-implement solutions.

The principals of Croft & Bender have had a strong relationship for many years with Tycho Howle, the Chairman and CEO of nuBridges. Howle founded nuBridges in 2001 after the multi-billion dollar sale of Harbinger Computer Services, Inc., which he started in 1983.

"Tycho is a pioneer in the eBusiness industry. We were delighted to help a shareholder of this exciting company diversify a portion of its holdings in nuBridges," said Ed Croft, Managing Director of Croft & Bender.

About Croft & Bender

Croft & Bender LLC is an Atlanta-based investment banking firm focused on providing M&A, private equity and financial advisory services to middle-market and emerging growth companies in the Southeast. The firm also sponsors the C&B Capital private equity funds, with $44 million under management. For more information on Croft & Bender, visit http://www.croft-bender.com/ or contact Ed Croft or Ted Bender at (404) 841-3131.

About Ticonderoga Capital

Ticonderoga Capital is a later stage venture capital firm with offices in Wellesley, Mass., and Menlo Park, Calif. Ticonderoga has over $200 million under management and a management team with over 50 years of collective venture investing experience. Ticonderoga makes equity investments in tech- enabled business services and software companies with $5 million to $50 million in sales. The firm participates in minority growth equity investments, buyouts, corporate spinouts and shareholder liquidity situations.

About Noro-Moseley Partners

Founded in 1983, Atlanta-based Noro-Moseley Partners (NMP) is one of the largest and most experienced venture capital firms in the southeastern United States. Since its inception, NMP has created five funds totaling approximately $580 million in capital and has invested in approximately 160 companies. NMP invests primarily in Southeastern-based companies in the technology, healthcare and business services industries.

CONTACT: Edward S. Croft, III, Managing Director, +1-404-841-0055,
ecroft@croft-bender.com, or Theodore J. Bender, III, Managing Director,
+1-404-841-0053, tbender@croft-bender.com, both of Croft & Bender